Turbo Global Partners Inc. (TRBO)

[SittingPretty]

CARSON CITY, NV–(Marketwired – May 31, 2017) – Turbo Global Partners (TURBO) (OTC PINK: TRBO), has announced Turbo Retail Management, Inc., holder of the Wal-Mart Master Lease for the GP Brands, Inc. (GP) postal, pack and ship franchise stores within Florida Wal-Mart Supercenters, acquires the two (2) previously company-owned stores as franchises.

Management self-interest: Stock buybacks often benefit big shareholders the most; and frequently that means company managers who hold stock options. When the buyback boosts the stock price, often temporarily, that rise may help the stock hit a target price the managers need to exercise their options. The managers can then quickly resell their stock and pocket their profits. So company management is enriched, while the company’s research and development, marketing, hiring, and other departments are impoverished by the move. Managers may also benefit from a buyback because their bonuses may be tied to hitting a particular earnings-per-share figure. Fewer shares mean a higher EPS number.

Cover for stock handouts: If a company is issuing tons of stock options to managers, a stock buyback helps counter that by reducing the number of shares on the market. Otherwise investors might see noticeable stock-price dilution. The buyback can help distract investors from the fact that excessive stock handouts are taking place.